209 Oleander Drive, Panama City Beach, FL 32413 (MLS# 797399)

Acreage: 0.22

Design: Beach House

Lot Size (SqFt): 9583

Apx SqFt(Htd/Cooled): 2798

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

Accessory Dwelling Unit: No

Lot Dimensions: 150 X 55 X 73 X 55

New Construction: No

Garage Y/N: Yes

Garage Spaces: 4

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 4

Full Baths: 3

Total Baths: 4

Year Built: 1964

List Price/SqFt: 428.52

Status: Active

List Date: 2026-11-02

List Price: $1,199,000

Current Price: $1,199,000

Sub Area: 0324 - Beach - West Central

Community/Resort: Laguna Beach

Waterfront: No

Elementary School: West Bay

Middle School: Surfside

High School: Arnold

Directions: From Front Beach Rd & 79 go West on Front Beach about 3.5 miles, right on Oleander, lot in 2nd block on left, corner of 1st & Oleander

Area: 03 - Bay County - Beach

Street #: 209

Street Name: Oleander

Street Suffix: Drive

State: FL

Zip Code: 32413

County: Bay

Subdivision: Laguna Beach Estates 7th Add

Parcel ID: 36813-000-000

Legal Description: LAGUNA BEACH ESTATES 7TH ADD LOTS 1, 2 & 3 BLK 28 LESS PRCL ORB 3499 P 1773

HOA Fee: No

New Buyer Fee: No

Last Taxes: 4972.47

Last Tax Year: 2025

Brokerage Interest: No Interest

Remarks: COASTAL LIVING MEETS INCOME POTENTIAL IN LAGUNA BEACH! With projected annual rental income of $85,000 from the existing residences, 209 Oleander Drive offers an exceptional opportunity to enjoy the beach while putting your investment to work. The owner currently occupies the main home, leaving substantial income potential to unlock by renting both residences. Under 500 steps to the beach, this versatile property sits on nearly a quarter acre and combines multiple living spaces, established short-term rental history, generous storage, and flexibility for personal use or investment. Remodeled in 2017, the main residence features bright, inviting living spaces, an open, functional flow, and a private outdoor area perfect for unwinding after the beach or entertaining guests. The separate carriage house/ADU, built in 2023, adds immediate rental appeal and includes a two-car garage with its own entrance. Depending on your vision and needs, the carriage house garage could readily lend itself to finishing as another unit. This added opportunity could potentially bring total annual rental income up as well! A separate 30x30 insulated workshop with plumbing already in place provides exceptional space for hobbies, vehicles, beach gear, or recreational storage. Both residences include full appliance packages, tankless water heaters, walk-in showers, and smoke detectors. City water and sewer, one shared water/sewer bill, and two separate electric meters add everyday convenience. Whether you envision a full-time coastal home with rental income, a beach getaway that helps support itself, or a dedicated investment property, 209 Oleander Drive delivers a compelling combination of location, versatility, and income potential--with room to grow. Schedule your private showing and discover the possibilities.

First: 1

Second: 1

First: 1

First: 1

First: 1

Cooktop - Electric: 1

Dishwasher: 1

ENERGY STAR Qualified Appliances: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Range Hood: 1

Refrigerator: 1

Washer/Dryer Stacked: 1

Water Heater - Tankless: 1

Water Softener - Owned: 1

Bookcases: 1

Ceiling - Crwn Molding: 1

Fireplace: 1

Floor - Tile: 1

Floor - Vinyl: 1

Floor - Vinyl Plank: 1

Pantry: 1

Window - Treatment All: 1

Block: 1

Foundation - Slab on Grade: 1

Roof - Metal: 1

Siding - Hardie Board: 1

Trim - Hardie Board: 1

Balcony: 1

Fenced Back Yard: 1

Fenced Lot-Part: 1

Hurricane Shutters: 1

Shower: 1

Patio Covered: 1

Porch Covered: 1

Porch Screened: 1

Sprinkler System: 1

Garage(s): 1

Cash: 1

Conventional: 1

VA: 1

Negotiable: 1

Smart Thermostat: 1

First: 1

First: 1

Interior Lot: 1

Within 1/2 Mile to Water: 1

City Street: 1

Paved Road: 1

Additional Parking: 1

Garage Attached: 1

Garage Detached: 1

Paved: 1

Resid Single Family: 1

Bedroom: 1

Breakfast Room: 1

Family Room: 1

Full Bathroom: 1

Garage: 1

Kitchen: 1

Laundry: 1

Living Room: 1

Primary Bathroom: 1

Primary Bedroom: 1

Studio: 1

ShowingTime: 1

Cable - Available: 1

TV Cable: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Underground Utilities: 1

As Is: 1

First: 1

Second: 1

First: 1

First: 1

Second: 1

Central Air: 1

ENERGY STAR Qualified Equipment: 1

Mini-Split/Ductless: 1

Central: 1

Electric: 1

ENERGY STAR Qualified Equipment: 1

Heat Pump: 1

Other - See Remarks: 1

MBath Double Vanity: 1

MBath Shower Only: 1

First: 1

Secured Garage/Parking: 1

Security System: 1

Smoke Detector(s): 1